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    1548 Cline Ave Gary, IN 46406

    For Lease
    $8 SF/Yr

    Prime Gary industrial space, ideal for various uses.

    Lot size:
    8,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 8,000-square-foot warehouse, part of a larger 24,000-square-foot industrial building, is perfectly situated at the intersection of Cline Avenue and 169th Street, offering convenient access to the I-80/94 Expressway. The property boasts three 14' x 14' overhead doors, providing ample access for loading and unloading. Inside, you'll find a 16' ceiling height, ideal for storing a variety of goods. The space includes two offices, a bathroom, and essential utilities such as furnaces and lighting. Electrical service is 120/240-volt single phase. The monthly rent of $6,887 includes CAM charges of $1,533.33 ($2.30/SF). A security deposit equal to one month's rent is required. The lease is a net lease (NN) with a three-year term and a 2.5% annual rent escalator. All utilities are the tenant's responsibility. The property is zoned industrial and enjoys a strategic location near prominent businesses such as Grainger, Schneider National Truck, and a D.O.T. Urgent Care & drug testing facility. This warehouse presents a fantastic opportunity for businesses seeking a well-maintained, conveniently located industrial space in Gary, Indiana, with a zip code of 46406. The building dimensions are 50' x 160'.

    Property Features for 1548 Cline Ave

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    8,000 SF

    Unit(s) available at that property

    Space
    Size
    8,000 SF
    Rate per SF
    $8

    HighLights

    • 8,000 SF warehouse in Gary, IN (46406), part of a larger 24,000 SF building.
    • Located at Cline Ave & 169th St, with easy I‑80/94 access.
    • Features three 14' x 14' overhead doors, 16' ceilings, two offices, and a bathroom.
    • $6,887/month NNN lease (includes $1,533.33 CAM), three‑year term, 2.5% annual rent increase.
    • Zoned industrial, near Grainger, Schneider National, and DOT facilities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Jims Truck And Trailer Truck Repair Shop

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Gary
    County
    Lake
    State
    Indiana
    Longitude
    -87.431468456289
    Latitude
    41.587079572656

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    FAQs

    What type of property is this?
    Distribution property - Prime Gary industrial space, ideal for various uses.
    Where is this distribution property located?
    The property is located at 1548 Cline Ave Gary, IN.
    What is the lease rate?
    The lease rate is $8 SF/Yr.
    What are key features of this property?
    This property features: 8,000 SF warehouse in Gary, IN (46406), part of a larger 24,000 SF building.; Located at Cline Ave & 169th St, with easy I-80/94 access.; Features three 14' x 14' overhead doors, 16' ceilings, two offices, and a bathroom.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1548 Cline Ave Gary, IN 46406
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